Forget Dollar Cost Averaging for Investing Your Bonus or Tax Refund
Robert R. Johnson
Staying invested in the market through dollar cost averaging is usually the best strategy to ensure people will have enough money to last through retirement.
But this strategy has its exceptions when investors receive a bonus from work or a lump sum payment from an insurance claim or tax refund. In these instances, individuals should consider that investing the entire amount might be the best option, said Robert Johnson, president of The American College of Financial Services in Bryn Mawr, Pa.
Chang, Ellen, "Forget Dollar Cost Averaging for Investing Your Bonus or Tax Refund" (2016). In the News. 969.